Stop Hit Pattern | Live Forex Trade | EURUSD | 4 Hour Chart

By | February 10, 2016

See the attached video – This video was originally uploaded in July of 2014. In this video a large bullish spike candle takes out the stop loss orders at two different levels as well as a gap zone from a prior market open. Gap zones tend to be areas dense in orders which equates to large moves initiated from these levels. This is a great example of how the market often gives 2nd chance entries before it moves. In this trade I actually entered on the second signal. Although the second signal didn’t take out the outer band the first bearish spike did. This was an easy 2 times profit as the price fell off to retest the support zone.

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